S O C I A L I S M
We have had enough of President Obama’s blatant lies and misrepresentations of the facts. It is time for our Elected Officials and Media to call this President out on the carpet and expose his true Agenda for what it really is, Socialism!
The American People are not stupid Mr. President and we proved that on November 2nd 2010. Do you really think we are going to allow this to continue unchecked?
Your brand of Liberalism and Socialism is all but over in these United States and We the People are going to ensure you never see a Second Term as our President.
Fool us once shame on you. Fool us twice, shame on US!
Obama Proposes $1.5 Trillion in New Tax Revenue
WASHINGTON (AP) — President Barack Obama’s proposal to reduce long-term deficits with $1.5 trillion in new taxes is less an opening bid in a negotiation than it is an opening salvo in a struggle to draw sharp contrasts with congressional Republicans.
Obama’s proposal is aimed predominantly at the wealthy and comes just days after House Speaker John Boehner ruled out tax increases to lower deficits. It also comes amid a clamor in his own Democratic Party for Obama to take a tougher stance against Republicans. And while the plan stands little chance of passing Congress, its populist pitch is one that the White House believes the public can support.
The core of the president’s plan totals just more than $2 trillion in deficit reduction over 10 years. It combines the new taxes with $580 billion in cuts to mandatory benefit programs, including $248 billion from Medicare.
Read the rest of the story:
President Obama and his advisers are presenting the “Buffett Rule” as the cure for an epidemic of millionaire tax scofflaws, but national statistics show millionaires by and large are paying taxes at a much higher rate than middle-class families.
And their income taxes make up a significant portion of the federal budget pie.
Data compiled by the nonpartisan Tax Policy Center show households pulling in more than $1 million pay about 29.1 percent of their income in federal taxes. By contrast, households making between $50,000 and $75,000 pay about 15 percent.
The so-called Buffett Rule has become the political centerpiece of the president’s deficit-reduction program. Named after Warren Buffett, the provision would ensure people making more than $1 million a year pay taxes at a higher rate than the middle class.
B U T W A I T
There is Always Real Hope
- Here Comes the TAX MAN (ireporters.wordpress.com)
- The Exodus of Obama Supporters has begun! (votingamerican.wordpress.com)
- President Obama’s Fair Share Tax on the Rich or What about the 50% of Americans who pay No Taxes at All? (twighlightslastgleaming.wordpress.com)
- Obama’s Fair Share Tax on the Rich, or What about the 50% of Americans who pay No Taxes at All?….. How Fair Is That? (votingamerican.wordpress.com)